Thank you for your patience during the Forum downtime while we upgraded the software. Welcome back and see this thread for some new features and other changes to the forum.
Quote from: freebrickproductions on Today at 03:44:45 AMQuote from: Scott5114 on Today at 02:10:35 AMQuote from: ZLoth on March 28, 2024, 10:45:34 AMQuote from: 1995hoo on March 26, 2024, 04:04:21 PMRegarding currency reform more generally, I like the idea of getting rid of the $1 bill, though I can't help but wonder how much of an obstacle the vending machine industry presents, given how much they invested in installing those dollar-bill acceptors. I'm not sure I've ever encountered a vending machine that accepts $2s, though certainly I've encountered some that accept $5s.
I'm kinda surprised at the life span of a $1 bill per https://www.federalreserve.gov/faqs/how-long-is-the-life-span-of-us-paper-money.htm . I thought it would be measured in months rather than 6.6 years. Having said that, while coins are more expensive than bills to produce, they also last much longer (30 years and longer).
The lifespan of a $1 bill was months back in the 90s, but two things happened:
1) people use less cash now, so it wears out less quickly, and
2) Someone at the Fed realized that the scanners that they use to detect when bills are damaged were sending all bills that were fed into the machine upside down to the shred pile, since they only had the good bill image to compare to in one orientation. Oops!
And even when cash is used, $1 ain't gonna be used for much more than just making-up the amount the larger bills don't already cover and/or vending machines.
Quote from: SSOWorld on Today at 04:48:32 AMdon't worry, for you won't be wasting it anymore.Not KT wasting most of it as it just doesn't sell before it spoils.
Quote from: jlam on Today at 12:50:58 AMNE2 features - Characteristics of user NE2💩
Quote from: Scott5114 on Today at 02:10:35 AMQuote from: ZLoth on March 28, 2024, 10:45:34 AMQuote from: 1995hoo on March 26, 2024, 04:04:21 PMRegarding currency reform more generally, I like the idea of getting rid of the $1 bill, though I can't help but wonder how much of an obstacle the vending machine industry presents, given how much they invested in installing those dollar-bill acceptors. I'm not sure I've ever encountered a vending machine that accepts $2s, though certainly I've encountered some that accept $5s.
I'm kinda surprised at the life span of a $1 bill per https://www.federalreserve.gov/faqs/how-long-is-the-life-span-of-us-paper-money.htm . I thought it would be measured in months rather than 6.6 years. Having said that, while coins are more expensive than bills to produce, they also last much longer (30 years and longer).
The lifespan of a $1 bill was months back in the 90s, but two things happened:
1) people use less cash now, so it wears out less quickly, and
2) Someone at the Fed realized that the scanners that they use to detect when bills are damaged were sending all bills that were fed into the machine upside down to the shred pile, since they only had the good bill image to compare to in one orientation. Oops!
Quote from: ZLoth on March 28, 2024, 12:42:03 PMQuote from: Scott5114 on March 26, 2024, 06:09:58 PMThis default theme we're stuck with. I'm gonna have to do something about it...
I'm extremely grateful that you have not modified the default theme with either construction zone orange or florescent yellow indicating it's temporary. Those tend to be two colors often in use in construction zones.
Or, did I just give someone a bad idea for next Monday...
Quote from: ZLoth on March 28, 2024, 10:45:34 AMQuote from: 1995hoo on March 26, 2024, 04:04:21 PMRegarding currency reform more generally, I like the idea of getting rid of the $1 bill, though I can't help but wonder how much of an obstacle the vending machine industry presents, given how much they invested in installing those dollar-bill acceptors. I'm not sure I've ever encountered a vending machine that accepts $2s, though certainly I've encountered some that accept $5s.
I'm kinda surprised at the life span of a $1 bill per https://www.federalreserve.gov/faqs/how-long-is-the-life-span-of-us-paper-money.htm . I thought it would be measured in months rather than 6.6 years. Having said that, while coins are more expensive than bills to produce, they also last much longer (30 years and longer).